Edith earns an annual gross salary of $17,500. She has 28% of her
gross salary withheld for taxes and other deductions. What is the net
pay of each paycheck if she is paid weekly?
a. $274.04
b. $43.87
c. $242.31
d. $438.76
First, we need to calculate how much is withheld from Edith's gross salary each week:
$17,500 / 52 weeks = $336.54 per week (gross salary)
28% of $336.54 = $94.15 withheld per week
To calculate the net pay of each paycheck, we need to subtract the amount withheld from the gross salary:
$336.54 - $94.15 = $242.39
So the correct answer is c. $242.31 (rounded to the nearest cent).